Zara and Pull&Bear owner becomes global real estate tycoon

One of the richest men on the planet, Spanish businessman Amancio Ortega, has reached a new milestone in his career by becoming the world’s largest real estate owner, Euronews writes.

The founder of Inditex, owner of brands such as Zara, Pull&Bear and Oysho, has built over the years an extensive network of properties in different countries.

His portfolio exceeds 200 acquisitions and is valued at around $25 billion, while his total net worth is estimated by Forbes at $148 billion, making him the tenth-richest person in the world.

In recent years, the 90-year-old Ortega has intensified his buying activity, incorporating large, internationally relevant assets. These include corporate headquarters, commercial complexes and properties linked to large technology companies.